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Scott Cotton

3413 Newgate, Midlothian TX

10-18-11
Scott Cotton
3413 Newgate
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Midlothian TX 76065
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Description
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Great family home in desirable Midlothian school district. Open floor plan, ideal for entertaining. Good neighborhood, convienient to 67 for commuters. 


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Features
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  • » Listed at: $159,000
  • » 3 Bedrooms
  • » 2 Bathrooms
  • » 2 Garage
  • » 1949 Square Feet

 
Gallery
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Represented By:
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Contact Info:
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Scott Cotton
Fathom Realty
P: 972-292-8733
M: 214-448-1104
F: 866-652-0758

License # 0605271
Midlothian, TX 76065

About Scott Cotton
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Real Service. Real Results.




 
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From a Veteran's Perspective

05-30-11
Scott Cotton

Here's a quick Memorial Day post to let you know what it's like to be a service member. Obviously I can't speak for every person who is serving or has served our country, but I imagine most vets can find something to identify with here.

Sometimes it was dangerous.

A lot of the time, it was boring. Boring and hot, boring and cold. Sometimes, to mix it up, it would be boring and really hot or cold. On occasion, it was fun. This was when we had the energy to turn something dangerous or boring into something fun.

One constant was homesickness. Everyone missed something. Family, friends, decent Mexican food, wives, kids, shopping malls, freedom.

Sometimes it felt like we were making the world a better place. Really helping people that needed help.

Sometimes it felt like we were carrying out the petty whims of a bizarre antisocial bureaucracy.

Through it all, we knew that America would be there when we got back, pretty much how we left her. That made it a little easier to face the prospect of another long, tiring, hot, wet, freezing, boring (hopefully) or exciting day (or night). We would try not to start counting the days until we got to come home until the two month mark, but you always knew the number in your head. "Only 112 more days until I get to go home and take the kids to Chuck E Cheese".

So every now and then, when you are hanging out with your family and enjoying some decent Mexican food, think about the men and women that would love to know what their kids look like right now, or that will never get to see their kids again.

Have a safe and un-exciting Memorial Day.

Hill Crest, Fox Run and Valley View - State of the Neighborhood Q4 2010

02-02-11
Scott Cotton

PROPERTY VALUES IN YOUR NEIGHBORHOOD

This newsletter is a snapshot of the real estate market in Hill Crest, Fox Run and Valley View, specifically for the 4th quarter of 2010.

 

Current Homes on Market

Average List Price

List Price / Sq Ft

Avg Days on Market

Your Neighborhood

(12 homes)

$162,412

$79.53

118 days

All Midlothian

(225 homes)

$224,629

$86.18

135 days

Homes Sold

Average List Price

Average Sale Price

Sale Price / Sq Ft

Avg Days on Market

Your Neighborhood

4th Quarter 2010

(4 homes)

$189,900

$186,250

$79.37

87 days

All Midlothian
4th Quarter 2010

$182,118

$176,203

$75.12

118 days

Absorption Rate*

All 2010

4th Quarter 2010

December 2010

Your Neighborhood

12

18

9

All Midlothian

8.21

8.92

8

 

*- Absorption rate is used to determine trends in a market by using the number of current listings and the number of sold properties in a given time frame to measure how long it is taking to sell market inventory. An absorption rate greater than six is considered to signify a buyer’s market, and below six is a seller’s market.

While the homes in your neighborhood are staying on the market a little longer than we would like, your sales prices are staying very strong compared to other parts of the city. While it might be easier to sell a house in your neighborhood than other areas in our market, I would still advise not to put a home on the market now unless really necessary. Once the market picks back up in March, Fox Run, Hill Crest and Valley View will be the closest thing Midlothian has to a seller’s market.

 

This data was compiled using the MLS database (NTREIS).

For more Midlothian market info, check out my Park Place market report and my Midlothian Meadows market report

 

 

 

Park Place and Mockingbird Estates - State of the Neighborhood Q4 2010

01-17-11
Scott Cotton

PROPERTY VALUES IN OUR NEIGHBORHOOD

This newsletter is a snapshot of the real estate market in Park Place , Park Place East and Mockingbird Estates, specifically for the 4th quarter of 2010.

Current Homes on Market

Average List Price

List Price / Sq Ft

Avg Days on Market

Park Place

(22 homes)

$123,125

$73.16

146 days

All Midlothian

(225 homes)

$224,629

$86.18

135 days

Homes Sold

Average List Price

Average Sale Price

Sale Price / Sq Ft

Avg Days on Market

Park Place

4th Quarter 2010

(9 homes)

$113,277

$108,526

$66.50

122 days

All Midlothian
4th Quarter 2010

$182,118

$176,203

$75.12

118 days

Park Place
3rd Quarter 2010

(5 homes)

$179,120

$177,980

$80.50

50 days

All Midlothian

3rd Quarter 2010

$212,076

$203,702

$83.50

106 days

Absorption Rate*

All 2010

4th Quarter 2010

December 2010

Park Place

8

7.33

11

All Midlothian

8.21

8.92

8

*- Absorption rate is used to determine trends in a market by using the number of current listings and the number of sold properties in a given time frame to measure how long it is taking to sell market inventory. An absorption rate greater than six is considered to signify a buyer’s market, and below six is a seller’s market.

 

The numbers here paint a bleak picture, but the reality is not that bad. 4th quarter home sales contained many foreclosed properties that skewed the numbers downward, especially sale price per sq ft and days on market. There are not nearly as many foreclosed and HUD homes on the market now, so you should see the price per sq ft normalize up to where it should be in the $74-$77 range.

The days on market should improve as well, but it's still very much a buyer's market. Unless you HAVE to list your house now, I would advise waiting until at least the end of February for the market to shake of it's winter doldrums. Late spring/early summer would be more ideal, as the market always spikes at that time.

This data was compiled using the MLS database (NTREIS).

For more Midlothian market info, check out my Hill Crest market report and my Midlothian Meadows market report.

Midlothian Meadows - State of the Neighborhood Q4 2010

01-17-11
Scott Cotton

PROPERTY VALUES IN OUR NEIGHBORHOOD

This newsletter is a snapshot of the real estate market in Midlothian Meadows, specifically for the 4th quarter of 2010.

Current Homes on Market

Average List Price

List Price / Sq Ft

Avg Days on Market

Midlothian Meadows

(11 homes)

$153,659

$77.63

89 days

All Midlothian

(225 homes)

$224,629

$86.18

135 days

Homes Sold

Average List Price

Average Sale Price

Sale Price / Sq Ft

Avg Days on Market

Midlothian Meadows

4th Quarter 2010

(4 homes)

$148,357

$150,313

$78.32

66 days

All Midlothian
4th Quarter 2010

$182,118

$176,203

$75.12

118 days

Midlothian Meadows
3rd Quarter 2010

(2 homes)

$149,633

$138,510

$72.74

73 days

All Midlothian

3rd Quarter 2010

$212,076

$203,702

$83.50

106 days

Absorption Rate*

All 2010

4th Quarter 2010

December 2010

Midlothian Meadows

7.76

8.25

11

All Midlothian

8.21

8.92

8

*- Absorption rate is used to determine trends in a market by using the number of current listings and the number of sold properties in a given time frame to measure how long it is taking to sell market inventory. An absorption rate greater than six is considered to signify a buyer’s market, and below six is a seller’s market.

The good news is that homes in our neighborhood are staying on the market for a shorter period of time than homes in the rest of Midlothian, and our sales price per square foot for the 4th quarter is actually higher than the 3rd quarter. However, it is still very much a buyer's market, so if you are selling your home in early 2011, you will probably need to be aggressive with your pricing. Unless you are forced to sell quickly, it would be best to wait until late spring/early summer when the market traditionally picks up.

This data was compiled using the MLS database (NTREIS).

For more Midlothian market info, check out my Hill Crest market report and my Park Place market report.